We Influence Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10735639 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

WE INFLUENCE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

G P Withe

B Hatton

REGISTERED OFFICE:

Giants Basin Potato Wharf

Castlefield

Manchester

M3 4NB

REGISTERED NUMBER:

10735639 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Intangible assets

4

320,429

320,429

Tangible assets

5

7,566

4,406

327,995

324,835

CURRENT ASSETS

Stocks

-

20,000

Debtors

6

180,020

141,718

Cash at bank

33,736

25,091

213,756

186,809

CREDITORS

Amounts falling due within one year

7

222,815

250,955

NET CURRENT LIABILITIES

(9,059

)

(64,146

)

TOTAL ASSETS LESS CURRENT LIABILITIES

318,936

260,689

CREDITORS

Amounts falling due after more than one year

8

196,117

242,140

NET ASSETS

122,819

18,549

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

122,719

18,449

SHAREHOLDERS' FUNDS

122,819

18,549

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 September 2019 and were signed on its behalf by:

G P Withe - Director

1.	STATUTORY INFORMATION

We Influence Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2018 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2018

and 30 April 2019

320,429

NET BOOK VALUE

At 30 April 2019

320,429

At 30 April 2018

320,429

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2018

5,508

Additions

5,051

At 30 April 2019

10,559

DEPRECIATION

At 1 May 2018

1,102

Charge for year

1,891

At 30 April 2019

2,993

NET BOOK VALUE

At 30 April 2019

7,566

At 30 April 2018

4,406

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

171,519

131,197

Other debtors

8,501

10,521

180,020

141,718

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans and overdrafts

-

29,230

Taxation and social security

95,540

74,324

Other creditors

127,275

147,401

222,815

250,955

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Other creditors

196,117

242,140

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.19

30.4.18

£

£

Factoring account

118,240

83,912

The charges contains fixed and floating charges which covers all the property or undertaking of the

company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 May 2018

18,449

Profit for the year

104,270

At 30 April 2019

122,719

12.	RELATED PARTY DISCLOSURES

Included within other creditors over one year is £52,341 which is owed to Digital Investment Group

Limited, who is the 100% shareholder.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party by virtue of holding 100% shares is Digital Investments Group Limited.

The following reproduces the text of the report prepared for the directors in respect of the Company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to be

filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of We Influence Ltd for the year ended 30 April 2019 which comprise the Income

Statement, Statement of Financial Position and the related notes from the Company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of We Influence Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of We Influence Ltd and state those matters that we have agreed to state to the Board of Directors of We Influence Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than We Influence Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that We Influence Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of We Influence Ltd. You consider that We Influence Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of We Influence Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

Date: .............................................